Funding brief: The Draper Richards Kaplan Foundation is honored to be able to consider the many ideas presented to us that aim to achieve substantial positive change in the world. As described below, our team conducts deep diligence on social enterprises that move to the final stages of consideration, as many of the proposed ventures are cutting edge. This includes a thorough scan of existing approaches to the issue at hand and the likelihood of success and sustained impact the proposed project could achieve, as well as assessment of the entrepreneur’s leadership ability.
Draper Richards Kaplan Foundation accepts applications for funding year round. Completing an application is the first step of our process to help us get to know you and your social enterprise so we can assess your initial fit for our portfolio.
The online application should take about 30-60 minutes to complete. If you would like to save your progress and resume later, please be sure to check the box at the top of the online form to save your information.
Please upload with your application a written executive summary or business plan document addressing the following topics. Any additional materials (e.g. pitch deck or financials) are welcome, but completely optional.
● Problem and solution
Succinctly describe the mission and objectives of the organization.
Describe the social problem your organization addresses.
Describe the solution your organization provides.
Explain how your organization improves on existing efforts, with specific names of organizations addressing the same problem if possible/relevant.
Explain how your approach is systemic and unique.
Describe the organization’s tangible results to date, detailing how you plan to measure organizational outcomes and success in the future.
Explain how you plan to scale the organization over time.
Explain the main sources of income that your organization will use to sustain your work over time.
Please attach a standard resume/CV for the entrepreneur(s), not simply a text bio.
Donor Name: Draper Richards Kaplan Foundation
Funding name: No specific fund name
Deadline: Not Found
Funding details link: Click to view
Funding limit: DRK investments are distributed twice a year over a three-year term, totaling $300,000.
Special Notes: Please contact with the donor directly for further clarification and understanding.
Project start date: Not Found
Project duration: DRK investments are distributed twice a year over a three-year term.
Eligible organization: As below
● They look for exceptional entrepreneurs
They seek out entrepreneurs who exhibit characteristics of extraordinary leadership: vision, intelligence, influence, ambition, discretion and follow-through. Draper Richards Kaplan entrepreneurs have proven track records that demonstrate a full spectrum of competencies.
● They look for potential to scale
To affect meaningful change upon the major challenges of our time, we need big solutions to big problems. They support social enterprises — non-profit, for-profit and hybrid organizations — that can expand enough to directly benefit a large number of beneficiaries and impart enough momentum to influence broader systems that encumber progress. Scaled organizations act as models to other groups in the sector and have the clout to affect policy, public opinion, and economies.
● They look for sustainable impact
They look for leveraged solutions that will create lasting positive change. They look for game-changing ideas that create better opportunities and outcomes for the future.
● Leaders tackling important social issues that can make a difference in the lives of many.
● Models that have the likelihood to be able to scale.
● Social enterprises in the early stages of their development where DRK involvement (financial, as a board member and through other support) can make a real difference.
● On average, organizations are 1-3 years old and the leader is prepared to execute an ambitious plan.
● Social enterprises that are national or global in reach and/or social issue.
● Domestic (U.S.) and international organizations.
● They support non-profit, for-profit and hybrid social enterprises.
They do not fund:
● Community-based organizations with no interest in scaling.
● Organizations whose sole focus is on the development of research.
● Programs promoting religious doctrine.
Some common reasons social enterprises are not considered eligible for funding:
● Organization is no longer at the early stages of its development.
● Organization is local in scope, focused on a small region with no plan to expand its reach or service area.
● Organization is a program of a larger organization, rather than a stand-alone entity.
● Entrepreneur does not choose to make building the social enterprise a full-time commitment.
● Idea is not unique or is a replication of a program that already exists.
● Idea is unfocused. The social enterprise is trying to solve too many problems or is using too many models and programs to achieve its goals.
● Idea and/or implementation strategy lacks clarity. The plan is not comprehensive or is hard to understand.
● Scaling plan is not viable. The revenue model or the operational model is not sustainable.
● Idea will not create systemic social change. The solution presented does not address root causes or deliver enduring benefits.
● There is not a solid plan to measure outcomes.
● Model does not have potential for large-scale (national or global) impact.
Eligible Country: No Country Bar Found (Open to all regions)
Submission mail: Not found
How to apply: Interested applicant may apply through the website (Click to view).
● Please attach at minimum two files below (PDF required): an executive summary (no more than 3 pages) or business plan-style document, and a resume of the Social Entrepreneur(s) – if multiple resumes, please concatenate to one document to attach. Additional materials (e.g., pitch deck, financials) are welcome but completely optional.
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